Paymentus Holdings, Inc. (NYSE:PAY) Receives Average Recommendation of “Moderate Buy” from Analysts

Paymentus Holdings, Inc. (NYSE:PAY) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.31.

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Paymentus from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Canaccord Genuity Group upgraded Paymentus to a “strong-buy” rating in a research note on Monday, July 8th. Robert W. Baird upped their price objective on Paymentus from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Baird R W upgraded Paymentus from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group upped their price objective on Paymentus from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Friday, August 9th.

Hedge Funds Weigh In On Paymentus

Several large investors have recently bought and sold shares of the company. nVerses Capital LLC increased its stake in shares of Paymentus by 550.0% in the third quarter. nVerses Capital LLC now owns 1,300 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,100 shares during the period. MCF Advisors LLC grew its stake in Paymentus by 80.1% during the second quarter. MCF Advisors LLC now owns 1,461 shares of the business services provider’s stock worth $28,000 after purchasing an additional 650 shares during the period. Arcadia Investment Management Corp MI grew its stake in Paymentus by 141.1% during the second quarter. Arcadia Investment Management Corp MI now owns 2,360 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,381 shares during the period. Russell Investments Group Ltd. acquired a new stake in Paymentus during the first quarter worth approximately $106,000. Finally, RiverPark Advisors LLC acquired a new stake in Paymentus in the first quarter valued at approximately $136,000. 12.55% of the stock is currently owned by institutional investors.

Paymentus Stock Up 3.5 %

Shares of PAY stock opened at $25.25 on Friday. The stock has a 50-day moving average price of $22.19 and a 200 day moving average price of $20.57. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 109.78 and a beta of 1.46. Paymentus has a 12 month low of $14.17 and a 12 month high of $27.06.

Paymentus (NYSE:PAY) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $197.42 million during the quarter, compared to analyst estimates of $180.57 million. Paymentus had a return on equity of 9.33% and a net margin of 4.63%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. Sell-side analysts predict that Paymentus will post 0.32 earnings per share for the current fiscal year.

Paymentus Company Profile

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.